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'FDI relaxation to help attract foreign investors'

Press Trust of India  |  New Delhi 

India's decision to relax norms in various sectors would make it a much more attractive destination for overseas investors, US-Strategic Partnership Forum (USISPF) said today.

and audit said that investors in the "refresh" their investment plans.

The has yesterday permitted foreign airlines to invest up to 49 per cent in debt-ridden Air India, and eased norms for investment in single brand retail, construction and power exchanges.

Hailing these measures, said bold steps are necessary to make effective change in India, which holds vast potential.

"Steps such as reform will encourage foreign investors and allow to realise its dream of becoming one of the world's most powerful economies," he said in a statement.

India Partner said allowing 100 per cent (FDI) in single trade should act as a catalyst for a large number of retailers that have been exploring Indian market.

"It is very likely that these investors will be relooking at their strategy to refresh their plans for Indian investment," he said in a statement.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 15:05 IST
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